◀ The Principal Blog

Posts tagged ‘GDP’

Don’t Judge a GDP Report by Its Headline



From the initial estimate of first-quarter GDP to the second one released today (May 29), we moved from stagnating economic activity (0.1% rate of growth) to a contraction, a 1% decline to be exact.  This marked the first time since 2011 that the U.S. economy had a quarter of declining economic…

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China: Which Direction for the Yuan?



I’ve recently had some conversations on the idea that China is intentionally weakening their currency, the yuan (aka the RMB), in an effort to put some support under economic growth that’s slowing down. It’s an interesting argument, but my personal take is that while China’s happy to…

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